Partner Ross McClymont becomes the first lawyer appointed as president of ARITA
01 June 2017
ARITA is the professional body for restructuring and insolvency practitioners in Australia and for those working in the field of business reconstruction and corporate and personal insolvency.
Chief Executive Office of ARITA John Winter commented on the appointment: "Ross is an accomplished business leader and a highly experienced restructuring and insolvency legal professional. Ross is a longstanding member of our board, and has already made a significant contribution to our organisation. As president we are confident that he will continue to provide strong leadership to ARITA and the profession, and I look forward to working with him in meeting the challenges and opportunities that lie ahead."
Ross McClymont said: "I am delighted to be the first lawyer appointed as president. I look forward to continuing to work with the Board and our members to further ARITA's mission of supporting restructuring and insolvency professionals and to promote the ideals of the profession to the public at large.
"These are testing times for the profession as we face significant ongoing legislative change in our space, together with the impending implementation of the ASIC user-pays model for our members. ARITA will continue to be at the forefront of the debate in Australia in terms of achieving world's best practice in our insolvency and reconstruction laws and processes, and to articulate the important role our members play in the broader economy".
As a partner of Ashurst, Ross advises financiers, directors and insolvency administrators on all aspects of insolvency law. Ross has over 25 years' experience in his field, and specialises in restructuring, insolvency, distressed investment, debt trading and debt recovery matters. Ross is also managing partner of Ashurst's Melbourne office.
ARITA's mission is to support insolvency and recovery professionals in their goal to restore the economic value of underperforming businesses and financially challenged individuals. It delivers this through the provision of innovative training and education and upholding ethical and professional standards.
The appointment was effective 31 May 2017.
